Home | Riverside County | Palm Springs | 92264 | 1680 E Palm Canyon
MLS: CRCV26071280 | Status: | Price: $5,995,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 40,946 | 1959 |
We are proud to present an exceptional opportunity to acquire Deepwell Apartments, a superbly maintained 30+1 unit multifamily community located at 1680 E Palm Canyon Drive in Palm Springs, CA. This investment offers an attractive 6.59% current Cap Rate and a 6.07% Cash-on-Cash return, with the property yielding $705,600 annually. The ±20,296 SF building stands on a generous ±40,946 SF lot in the prestigious Deepwell Estates, a neighborhood celebrated for its historic mid-century modern architecture and high-end residential appeal. The asset features a diverse unit mix of studios, 1B/1B, 2B/1B, and a premier 3B/2B unit, perfectly catering to the desert’s sophisticated renter demographic. The asset has undergone substantial recent renovations, positioning it as a “turn-key” luxury investment with a sophisticated aesthetic. All units feature high-end finishes, including woodgrain-look ceramic tile flooring, designer tile in kitchens and bathrooms, and stainless steel appliances. Ownership has taken a proactive approach to capital preservation, recently replacing air conditioning units and upgrading the gated exterior to ensure tenant privacy and security. These comprehensive interior and exterior improvements significantly reduce near-term CAPEX requirements, allowing a new own
| Field | Value |
|---|---|
| MLS # | CRCV26071280 |
| MLS Source | California Regional MLS |
| Days on Site | 1 |
| Feature | Details |
|---|---|
| Cooling | Window/Wall Unit |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
Eric Chen
CB RICHARD ELLIS
License #: –
Phone: (909) 418-2071
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 30 | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Cahuilla Elementary School | public | K-5 | 0.73 mi | 2 |
| Desert Learning Academy | public | K-12 | 1.07 mi | 3 |
| Palm Springs High School | public | 9-12 | 1.21 mi | 5 |
| Katherine Finchy Elementary School | public | K-5 | 2.53 mi | 3 |
| Virtual Pre | public | KG | 2.56 mi | N/A |
| Agua Caliente Elementary School | public | K-5 | 2.76 mi | 4 |
| Raymond Cree Middle School | public | 6-8 | 2.97 mi | 5 |
| Mt. San Jacinto High School | public | 9-12 | 3.47 mi | 2 |
| Vista Del Monte Elementary School | public | K-5 | 3.62 mi | 2 |
| Landau Elementary School | public | K-5 | 3.70 mi | 3 |
| Cathedral City Elementary School | public | K-5 | 4.32 mi | 6 |
| Rio Vista Elementary School | public | K-5 | 4.47 mi | 4 |
| Cathedral City High School | public | 9-12 | 4.49 mi | 4 |
| Nellie N. Coffman Middle School | public | 6-8 | 4.51 mi | 4 |
| Sunny Sands Elementary School | public | K-5 | 4.59 mi | 5 |
| James Workman Middle School | public | 6-8 | 4.83 mi | 5 |
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This listing information is up-to-date as of April 03, 2026. For the most current information, please contact Eric Chen, (909) 418-2071.